March 5, 2014

The Daily Bankruptcy News

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Law:

Patton Boggs hires financial advisers to review capital structure, compensation system --- Law firm Patton Boggs engages former Dewey restructuring adviser --- Patton Boggs Down In The Dumps, Hires Financial Advisers
(DBN)

Bankruptcy Lawyer To Head Anderson Kill's New Banking and Lending Group
(DBN)

Bankruptcy Lawyer Alan A. Meda Joins Burch & Cracchiolo
(DBN)

Tripp Scott Launches Creditors' Rights, Bankruptcy Practice
(DBN)

Business of Law
(DBN)

Arnold & Porter Posts First Gross Revenue Decline in Two Decades
(DBN)

Weil's Profits, Revenue, Head Count All Drop in 2013
(DBN)

Debevoise Profits Soar as Revenue Rises Modestly
(DBN)

Searching for better associate bonuses
(DBN)

1L Enrollment Fell More Than 20% at 40 Law Schools in 2013
(DBN)

Case Western Dean Mitchell, Facing Sexual Harassment Allegations and Prof's Lawsuit, Resigns
(DBN)

ABA Releases Details of Law Schools Enrollment Declines
(DBN)

Walking the talk: Putting the agile manifesto into action at an in-house legal department
(DBN)

Formal office attire is a must at this law firm; name partner says younger lawyers should take note
(DBN)

Proskauer Sues Ex-Client Accusing Firm of Malpractice
(DBN)

White House Budget Targets Lawyers
(DBN)

Judge Writes Withering Ruling Against Lawyer Whose Clients Won $18 Billion From Chevron --- Litigation Fraud Ruling Leaves Patton 'Under the Cloud' --- What You Should Know About the Chevron Decision --- Accused of fraud against Chevron, lawyer is defiant in defeat --- Highlights from the Chevron/Donziger Opinion --- Chevron and Donziger Respond to Federal RICO Ruling --- Why the $9.5 Billion Ruling Against Chevron Has (So Far) Amounted to Nothing --- Understanding Chevron’s Big Win
(DBN)

Lawyer Depression Begins Early
(DBN)

How To Remember People's Names
(DBN)

Your Emails Are Probably Too Long
(DBN)

'Brain Fog': Sitting for hours negatively impacting health
(DBN)

4 Reasons You Stink At Networking
(DBN)

3 Simple Ways To Become A Great Negotiator
(DBN)

The Dark Side Of The Web
(DBN)

Beyond Biglaw: Traveling Time, Again
(DBN)

Huge majorities support national gun registry
(DBN)

Paper: CIA spied on staff members of Senate committee
(DBN
)

Town Tickets Dying Speeders Outside ER Entrance
(DBN)

Cops: Woman offered hitman $1000 and s-- to kill her fiancée
(DBN)

Driver who posted YouTube video of 24-minute drive around 26-mile NYC loop nixes plea offer
(DBN)

Couple hospitalized trying to save flat-screen TV from burning apartment
(DBN)

Student suspended for pointing finger like gun
(DBN)

Atlanta Lawyer is Star Witness in "The Bachelor: The Women Tell All"
(DBN)

Florida Man Stopped For DUI, Says He Was Trying to "Drive It Off"
(DBN)

A Letter From Ray Jasper, Who Is About to Be Executed
(DBN)

Rescue Shelter Sells 4-Year-Old's Dog to Another, "Better" Family
(DBN)

Angry Customer Sues McDonald’s For Millions After Receiving One Napkin, Supersized Shame With Meal
(DBN)

CNN Putting Michael Jackson Attorney in Primetime
(DBN)

New Jersey Cheerleader Sues Her Own Parents To Force Them To Pay For College --- High school student, 18, moves in with lawyer’s family, sues parents for support and college tuition
(DBN)

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Judges:

P.J. O'Rourke Has Filed The Most Entertaining Supreme Court Brief We've Ever Seen
(DBN)

Rejection letter reveals 7th Circuit judge’s plan to retire
(DBN)

Judge Caught Making Racist, Sexist Comments On Internet Board
(DBN)

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Wall Street:

US Stock Futures Suggest A Mixed Yet Subdued Opening
(DBN)

Global Stocks Rally Amid Easing Tensions
(DBN)

University of Chicago Pulls Plug on 'Fabulous Fab' Teaching Gig
(DBN)

Report: Goldman Sachs Cuts Legal Spending
(DBN)

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Layoffs:

The 10 Best Jobs For Introverts
(DBN)

Why Major Companies Like Amazon Ask Job Candidates For Their SAT Scores
(DBN)

8 Lies Interviewers Tell Job Candidates
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

White House Proposes Broader Debt Forgiveness for Students
(DBN)

Depressing Case Studies Reveal What Student Loans Are Really Used For
(DBN)

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Personal Finance:

Savings Bonds Foster Good Habits, but Not Good Returns
(DBN)

How To Pay Less For A Bottle Of Wine
(DBN)

Beef: What You Can't Afford for Dinner
(DBN)

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Aviation:

In U.S. mergers, no one waits for this waiting period --- Even A Judge May Not Be Able To Stop The Merger Of US Airways and American Airlines
(DBN)

Air France-KLM Seeks Makeover After Brush With Bankruptcy
(DBN)

Is Airline Elite Status Only for Elites?
(DBN)

US Airways pilot union sues American, US Airways and American’s pilots over seniority issue
(DBN)

____________

Television:

Astros seeking resolution for TV rights
(DBN)

Jim Crane expects Comcast to make new offer in CSN Houston case
(DBN)

__________

Tech:

Global PC shipments to fall 6.1 percent in 2014: IDC
(DBN)

1 in 10 Americans think HTML an STD
(DBN)

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Economy:

Households adding debt at fastest rate since 2007
(DBN)

Fed's Williams: See Interest Rate Increase In Mid 2015
(DBN)

Ben Bernanke Just Made More In One Speech Yesterday Than He Did During His Last Year As Fed Chair
(DBN)

Obama's Budget Is Out — Here's What's In It --- Obama Wants More Money For Wall Street Watchdogs
(DBN)

Obama budget trims deficit , but US debt still huge by history's yardstick --- Obama budget plan claims $5.3 trillion in deficit reduction --- Obama Sees Deficit Reaching Prerecession Level by 2018 --- Three Reasons Not to Ignore the Obama Budget --- White House seeks halt to military spending cuts
(DBN)

Fumbled Fortunes: Meet The Ex-Billionaires Who Lost Their Riches
(DBN)

Myths and Realities of America's Debt
(DBN)

A Depressingly Simple Explanation For The Weak Recovery
(DBN)

The Most Common Financial Mistakes Businesses Make
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Landlord Tries “To Be an Optimist About This” In Arguing Sections 365 and 503 Apply to Guarantor of Lease Obligations
(DBN)

Bankruptcy Sales: Sometimes the Mortgagee Wins
(DBN)

CoreLogic: Home Prices Rose For The 23rd Straight Month
(DBN)

White House says housing agency won't need Treasury aid
(DBN)

Pittsburgh's Union Trust Building sold by sheriff
(DBN)

Giacomo's Ristorante Owner Takes On Trump, Testifies In Failed Tower Trial
(DBN)

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Municipalities:

What's In Detroit's Latest Derivatives Settlement Proposal?
(DBN)

Argentina and Detroit – different (zip) codes
(DBN)

Why Banks Are Happy To Be Paid A Fraction Of What Detroit Owes
(DBN)

NAACP leader analyzes Detroit bankruptcy
(DBN)

Normandy Closer to a Cash Transfusion from the State
(DBN)

Why Puerto Rico and its mess stand alone --- Fitch Rates Puerto Rico's $3.5 Billion GO Bonds 'BB'; Outlook Negative
(DBN)

Puerto Rico's travails hit muni bond firm that bet big
(DBN)

Chicago Cut to Three Levels Above Junk by Moody’s Ahead of Sale
(DBN)

Judge: Morgan Keegan still on hook for bonds in factory project
(DBN)

The Most Obese States In America
(DBN)

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Mass Torts:

US appeals court says BP bound by Gulf spill accord
(DBN)

W. Va. spill company hires firm to keep its data
(DBN)

Court Order to Help Freedom Grand Jury Probe
(DBN)

Lawyer who inserted client names into 100 asbestos suits to get defense fees takes wire-fraud plea
(DBN)

$10.2 Million Asbestos Verdict Reversed on Expert Issue
(DBN)

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Retailing:

Zombie retailer RadioShack careens toward the edge --- Radio Shack Plans Massive Store Closures, Stock Crashes --- To close up to 1,100 stores --- RadioShack Store Closings: A Complicated Undertaking --- Why RadioShack Is Massively Failing --- Can RadioShack avoid bankruptcy ?
(DBN)

RadioShack: No "prepackaged Bankruptcy"
(DBN)

RadioShack's Warning Signal - Indicative Of A Broader Problem For Retailers
(DBN)

____________

Currency:

Another Bitcoin Site Shuts Down After Being Robbed Of Every Single Coin It Held Online
(DBN)

MtGox blames bankruptcy on bug and admits losses could escalate
(DBN)

Mt Gox Bankruptcy Help Desk Call
(DBN)

Bitcoin To Be Regulated, Taxed In Japan
(DBN)

The Bitcoin Bugle: Libertarians Get Litigious
(DBN)

Sad Statements From People Who Lost Their Money On Mt. Gox
(DBN)

Need your Mt. Gox bitcoins back? Steer clear of this website
(DBN)

UK lawyer says "hundreds" ready for bitcoin class action
(DBN)

All Those Bitcoin Exchanges Closing Won't Doom The Entire Industry
(DBN)

____________

Electricity:

For Oncor, the suitors are plentiful --- Could EFH bankruptcy lead to a sale of Oncor?
(DBN)

Largest LBO Puts Energy Future -Backed Bonds at Risk
(DBN)

____________

Fraud:

Madoff Workers Told 'Staggering' Number of Lies, Prosecutor Says --- Prosecution Delivers Closing Arguments In Trial Of Bernard Madoff’s Ex-Employees
(DBN)

For Class Action Defense Lawyers, A Supreme Court Win May Come at a Price
(DBN)

The UK Serious Frauds Office Does It Better
(DBN)

Former Merrill Lynch adviser accused of 18-year Ponzi scheme
(DBN)

$700 Million Ponzi Scheme Crashes
(DBN)

Fraud Within Companies Is A Risk That Can Never Be Eliminated
(DBN)

Zeek Rewards Receiver Files Clawbacks Against Principals, Net Winners
(DBN)

____________

Uranium:

Uranium supplier USEC files for bankruptcy --- Quick Facts
(DBN)

____________

Religion:

Court upholds claim dismissal in Milwaukee Archdiocese bankruptcy
(DBN)

____________

Politics:

Poll: Democrats’ advantage on key issues is not translating to a midterm-election edge
(DBN)

Poll: Support Rises for Lawmakers Who Back Obamacare
(DBN)

____________

Oil/Gas:

Nexus Energy's Lenders Disagree on Funding Method
(DBN)

____________

Banking:

Red Flags Amid Citi Losses
(DBN)

____________

Lehman:

Lehman’s UK unit administrators foresee £5bn surplus
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

WNY bankruptcies at 8-year low in February
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Exemptions:

Equity Smequity --- Law prevails --- Justices stick with Bankruptcy Code text, rejecting Ninth Circuit’s creative punishment of lying bankrupt --- New Law on Exemption Surcharging --- Supreme Court: Exempt funds protected in bankruptcy --- Exempt Assets Stay That Way, Even After Fraud --- U.S. High Court Reverses; Exempt Assets Cannot Be Used to Pay Bankruptcy Trustee’s Attorney Fees
(DBN)

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Chapter 13:

Hanging Paragraph of §1325: What Is Not Included?
(DBN)

CD CA: Revisions to Chapter 13 Guidelines and Court Manual Effective March 4, 2014
(DBN)

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Avoidance Actions:

Trustee Cannot Use Reverse Piercing of Veil To Recover Alleged Preferential Transfer
(DBN)

____________

Recent Pleadings

5th Cir. Denies En Banc In Case Holding No Consent Allowed To Stern-Type Jurisdiction
(DBN)

_____________

Bankruptcy Crimes:

Man who hid assets in divorce, bankruptcy gets 17-year sentence
(DBN)

____________

Finance:

Bankers Beware—Ambiguous Language in Participation Agreements Can Lead to Costly Litigation
(DBN)

____________

Lawprose:

Compound words: Is it “healthcare,” “health-care,” or “health care”?
(DBN)

____________

Telecoms:

LightSquared seeks not to count Ergen's vote against restructuring
(DBN)

____________

Corporate Reform:

Justices Deliver Rare Win For Whistleblowers
(DBN)

____________

Celebs:

'Housewives' couple plead guilty to bankruptcy fraud in New Jersey --- Teresa Giudice faces 2 years in prison while Joe faces 4 --- Feds release signed guilty pleas of 'Real Housewives of NJ' cast members --- Why Deportation And Fraud Prison Sentence For N.J. 'Housewives' Stars Seem Unfair --- Is it the Real Housewives Franchise’s Fault?
(DBN)

Casey Anthony won't have to talk about Caylee, judge rules
(DBN)

____________

Healthcare:

Moody's: 6 Hospitals With Credit Challenges Related to EHRs
(DBN)

Healthcare CEOs Identify Top 14 Threats to Business
(DBN)

As full disclosure nears, doctors' pay for drug talks plummets
(DBN)

____________

Credit Reporting:

Credit reporting remains a CFPB top priority
(DBN)

____________

Management:

Go Ahead, Let Your Kids Fail
(DBN)

____________

Autos:

Record Amounts Borrowed to Buy Cars
(DBN)

____________

UK:

EC's insolvency proposals remove international trust
(DBN)

Five years of ultra-low interest rates - in seven simple interactive line charts
(DBN)

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EU:

Euro Falls Despite Upbeat Data
(DBN)

____________

PIIGS:

Number of Irish Home Loans in Arrears Falls - First Decrease IN 6 Years
(DBN)

'Express insolvency ' requested for Pescanova's Spanish subsidiaries --- Insolvent Spanish fish firm Pescanova lands deal with creditors
(DBN)

____________

Canada:

Sentencing of Pigeon King founder on fraud charge delayed
(DBN)

____________

Ukraine:

Obama: Putin 'isn't fooling anybody' --- Crimea Breaks Ties with Ukraine --- Ukraine Aid Package Resurrects Debate Over IMF Funding --- U.S. uses Ukraine to push for IMF voting reforms --- Russian "aggression" hits Ukraine's economy, prime minister says --- Russia Says It Just Test-Fired An Intercontinental Ballistic Missile --- The Military Difference Between Ukraine And Russia --- Ukrainians Are Joining The Army In Droves Amid Russian Occupation --- The Ukrainian Navy Accuses Putin Of 'A Boldfaced Lie' In Remarkable Open Letter --- Putin Says No Immediate Need to Invade Eastern Ukraine, Leaves Threat Dangling --- Ukraine Replaces Russian Flag Over Government Building In Eastern City Of Donetsk --- Diplomatic exit? Ukraine players converge on Paris --- US and Russia to Hold Talks --- Russia to Hold Talks with NATO to Avert War
(DBN)

____________

Russia:

Russia's Dangerous 'Hidden Debt'
(DBN)

____________

China:

Beijing Signals New Worry on Growth
(DBN)

Corporate China Is About To Experience A Historic Default --- First China Onshore Default Looms as Chaori to Miss Payment --- China Bear Stearns Moment Seen by BofA in Default Risk
(DBN)

Why a China Default Could be a Good Thing
(DBN)

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